Sichuan Expressway Co (HK:0107) has released an update.
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Sichuan Expressway Co has entered a new Framework Agreement with Shudao Investment for construction works and related services, set to commence in January 2025. This agreement, involving significant financial transactions due to Shudao being a major shareholder, will undergo independent shareholder approval as per Hong Kong Stock Exchange regulations. The decision comes as the previous agreement is due to expire at the end of 2024.
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